NFT market cap surged to $6.6B in July: DappRadar

The NFT market (NFT) market reveals indicators of a revival, as a result of the overall market capitalization of the sector reached $ 6.6 billion in July, in accordance with the Dapradar knowledge platform.

The platform reported on Thursday that the determine represented a rise of 94% in comparison with the earlier month. Weekly commerce quantity rose to $ 136 million, a rise of 51% in comparison with the earlier week, which marks the strongest weekly efficiency since February.

The rise adopted a steady lower within the quarterly commerce volumes. On July 10, Daprad’s knowledge confirmed that NFT -Handelsvolumes persistently fell from the second quarter of 2024 to the second quarter of 2025.

Cryptopunks lead revival whereas NFT sells greater than $ 5 million

NFT Assortment Cryptopunks based mostly on Ethereum has led the management. In accordance with D -Appadar, the costs of Cryptopunk flooring have risen by 53%. The gathering is most actively traded amongst NFTs.

“They’re nonetheless the gold commonplace of Web3 Clout,” wrote D -analyst Sara Ghaghelas. “For some, possessing a punk is greater than revenue – it’s standing, pure and easy. And in the mean time that standing is trending.”

On Monday, cryptopunks registered an enormous leap in flooring costs. The gathering went to a 47.50 Ether (ETH) flooring worth, price nearly $ 180,000, in 24 hours.

This was a rise of 15.9% in comparison with the beginning worth of 40.9 ETH that day. As well as, knowledge confirmed that 83 cryptopunks had been bought by new holders that day.

Other than the worth enhance of the ground, high-profile cryptopunk sale had been made.

On Thursday, Gamesquare Holdings introduced that the Punk #5577, the enduring Cowboy APE Cryptopunk, had purchased $ 5.15 million from the corporate’s desire.

Punk with an Aaptehema sells for greater than $ 5 million. Supply: Cryptopunks

The earlier proprietor of the Punk, Robert Leshner, the founding father of Defi Protocol Compound, will now work with Gamesquare as a shareholder.

The Cryptopunk is among the solely 24 Aaptthema punks and has a cowboy hat. It was claimed for the primary time in 2017 and was offered for $ 454. It was offered for $ 7.7 million on February 9, 2022, in accordance with the cryptopunks web site.

Associated: Memecoin $ 79b Rally signifies that capital is nowhere to be higher: Exec

Ethereum NFTs dominate rankings

Other than cryptopunks, Pudgy Penguins with pinguint theme was additionally on the rise.

Final week Pudgy Penguins surpassed the seven -day commerce quantity of cryptopunks, with greater than $ 20 million. Nonetheless, on the time of writing, cryptopunks had returned the primary place, making Pudgy Penguins in second place.

Within the meantime, one other assortment -based assortment rose after the maker, the heavy metallic icon Ozzy Osbourne, died. On Wednesday, Cryptobatz NFTS elevated by 400% after the information that Osbourne died NFT -Glagelaars.

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